📈 Key Trends & Insights1. Moderate Price Growth with Variance by Property TypeThe MLS® HPI composite benchmark price is rising only modestly, about 1.1% year‑over‑year in September.
Ottawa Real Estate Market Update – August 2025
Key Market Highlights
Residential Sales (Aug)
1,236
+12.1% y/y
Average Price (Aug)
$686,536
+3.6% y/y
Active Listings (Aug)
3,971
+13.3% y/y
Months of Inventory
3.2
Balanced conditions
Ottawa recorded 1,236 residential sales in August 2025, up 12.1% year-over-year, with the average sale price at $686,536. Inventory expanded to 3,971 active listings, and the market sat at 3.2 months of inventory, indicating balanced—but competitive—conditions.
Price & Pace
Median sold price reached $630,000 while homes took a median of 28 days to sell in August.
Home Price Index (HPI) Snapshot
The MLS® HPI Composite Benchmark sits at $630,000 for August 2025. Benchmarks by segment: Single-Family $700,100, Townhouse $466,200, Apartment $412,300.
Segment Breakdown
Single-Family Homes
Sales: 641 (+11.5% y/y). Average price: $839,282 (+4.0% y/y). Months of inventory: 3.1.
Townhouses
Townhomes led growth with a sharp rise in sales and ample supply—supporting choice for buyers and move-up sellers. (See Townhouse section graphs.)
Condominium Apartments
The condo segment remains the most buyer-friendly, with higher relative supply and softer prices compared to other segments. (See Apartment section graphs.)
Year-to-Date Context
Through August, Ottawa recorded 9,936 sales (+4.1% y/y) on 19,204 new listings (+9.2% y/y). YTD average price is $700,828 (+3.0% y/y), with 2.9 months of inventory on average.
What This Means for You
- Sellers: Demand remains healthy, and pricing is firming—especially for single-family homes and townhomes. Strategic pricing and presentation are still key.
- Buyers: More choice and balanced conditions create negotiating space—particularly in the condo segment.
- Investors: Townhomes show resilient demand and strong long-term HPI gains, while condos offer selective value.
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Methodology note: CREA compiles the PropTx MLS® dataset on the first calendar day of the month. Figures can be revised, so month-over-month comparisons may change as data is finalized.
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